CXApp dismisses Withum, appoints KNAV as independent auditor
CXApp Inc. dismissed WithumSmith+Brown, PC as its independent registered public accounting firm on June 30, 2026, and appointed KNAV CPA LLP for the fiscal year ending December 31, 2026. Withum's audit reports for fiscal years 2025 and 2024 were unqualified. The company disclosed that material weaknesses in internal control over financial reporting relating to income tax accruals, period-end expense accruals, and embedded derivatives identification were identified in the 2024 10-K but were fully remediated as of December 31, 2025.
Key facts
- WithumSmith+Brown, PC dismissed June 30, 2026
- KNAV CPA LLP appointed June 30, 2026
- Material weaknesses in internal control over financial reporting relating to (i) income tax accruals, (ii) period-end expense accruals, and (iii) identification and fair value accounting for embedded derivatives identified as of December 31, 2024
- Material weaknesses fully remediated as of December 31, 2025
- Withum audit reports for fiscal years ended December 31, 2025 and 2024 contained no adverse opinion, disclaimer of opinion, or qualification
- No disagreements with Withum on accounting principles, practices, financial statement disclosure, or auditing scope
- Restatement of unaudited interim financial statements for quarters ended June 30, 2024 and September 30, 2024 resulted from material weaknesses
Why it matters
The auditor change follows disclosure of material weaknesses in internal controls that previously necessitated interim restatements, though management represented those weaknesses were fully remediated in the 2025 year-end assessment; the transition occurs in connection with the company's acquisition and integration of EngineRoom.
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Derived from 8-K filed 2026-07-06. Not investment advice. View the source filing on SEC.gov →